v3.20.4
Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Analysis Of The Allowance For Credit Losses By Portfolio Segment
 2020
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, December 31, 2019$537 $45 $287 $869 
Cumulative change in accounting guidance (Note 1)(3)7 434 438 
Allowance for loan losses, January 1, 2020 (adjusted for change in accounting guidance)534 52 721 1,307 
Provision for loan losses927 129 256 1,312 
Initial allowance on acquired PCD loans60 — — 60 
Loan losses:
Charge-offs(368)(1)(244)(613)
Recoveries43 3 55 101 
Net loan losses(325)2 (189)(512)
Allowance for loan losses, December 31, 2020$1,196 $183 $788 $2,167 
Reserve for unfunded credit commitments, December 31, 201941 4 — 45 
Cumulative change in accounting guidance (Note 1)36 13 14 63 
Reserve for unfunded credit commitments, January 1, 2020 (adjusted for change in accounting guidance)77 17 14 108 
Provision (credit) for unfunded credit losses20 (3)1 18 
Reserve for unfunded credit commitments, December 31, 202097 14 15 126 
Allowance for credit losses, December 31, 2020$1,293 $197 $803 $2,293 
 2019
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, January 1, 2019$520 $58 $262 $840 
Provision (credit) for loan losses138 (16)265 387 
Loan losses:
Charge-offs(150)(1)(292)(443)
Recoveries29 4 52 85 
Net loan losses(121)3 (240)(358)
Allowance for loan losses, December 31, 2019537 45 287 869 
Reserve for unfunded credit commitments, January 1, 201947 4 — 51 
Provision (credit) for unfunded credit losses(6)— — (6)
Reserve for unfunded credit commitments, December 31, 201941 4 — 45 
Allowance for credit losses, December 31, 2019$578 $49 $287 $914 
Portion of ending allowance for loan losses:
Individually evaluated for impairment$120 $4 $29 $153 
Collectively evaluated for impairment417 41 258 716 
Total allowance for loan losses$537 $45 $287 $869 
Portion of loan portfolio ending balance:
Individually evaluated for impairment$537 $34 $381 $952 
Collectively evaluated for impairment45,302 6,523 30,186 82,011 
Total loans evaluated for impairment$45,839 $6,557 $30,567 $82,963 

 2018
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, January 1, 2018$591 $64 $279 $934 
Provision (credit) for loan losses32 (5)202 229 
Loan losses:
Charge-offs(148)(9)(276)(433)
Recoveries45 8 57 110 
Net loan losses(103)(1)(219)(323)
Allowance for loan losses, December 31, 2018520 58 262 840 
Reserve for unfunded credit commitments, January 1, 201849 4 — 53 
Provision (credit) for unfunded credit losses(2)— — (2)
Reserve for unfunded credit commitments, December 31, 201847 4 — 51 
Allowance for credit losses, December 31, 2018$567 $62 $262 $891 
Portion of ending allowance for loan losses:
Individually evaluated for impairment$104 $2 $26 $132 
Collectively evaluated for impairment416 56 236 708 
Total allowance for loan losses$520 $58 $262 $840 
Portion of loan portfolio ending balance:
Individually evaluated for impairment$490 $25 $419 $934 
Collectively evaluated for impairment44,725 6,411 31,082 82,218 
Total loans evaluated for impairment$45,215 $6,436 $31,501 $83,152 
Financing Receivable Credit Quality Indicators The following tables present applicable credit quality indicators for the loan portfolio segments and classes, excluding loans held for sale, as of December 31, 2020. Classes in the commercial and investor real estate portfolio segments are disclosed by risk rating. Classes in the consumer portfolio segment are disclosed by current FICO scores. Refer to Note 6 "Allowance for Credit Losses" in the
Annual Report on Form 10-K for the year ended December 31, 2019, for disclosure of the Credit Quality Indicators as of December 31, 2019.
December 31, 2020
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20202019201820172016Prior
(In millions)
Commercial and industrial:
   Risk Rating:
   Pass$12,260 $6,115 $3,550 $2,413 $1,166 $2,493 $12,138 $— $(39)$40,096 
   Special Mention133 250 376 84 5 48 722 — — 1,618 
   Substandard Accrual41 50 78 55 20 4 490 — — 738 
   Non-accrual42 59 97 20 23 19 158 — — 418 
Total commercial and industrial$12,476 $6,474 $4,101 $2,572 $1,214 $2,564 $13,508 $— $(39)$42,870 
Commercial real estate mortgage—owner-occupied:
   Risk Rating:
   Pass$1,379 $882 $913 $547 $401 $801 $140 $— $(3)$5,060 
   Special Mention18 31 23 22 10 44 6 — — 154 
   Substandard Accrual3 38 16 16 4 15 2 — — 94 
   Non-accrual14 23 19 21 6 14 — — — 97 
Total commercial real estate mortgage—owner-occupied:$1,414 $974 $971 $606 $421 $874 $148 $— $(3)$5,405 
Commercial real estate construction—owner-occupied:
   Risk Rating:
   Pass$61 $75 $39 $24 $24 $40 $9 $— $— $272 
   Special Mention1 — — 2 2 — — — — 5 
   Substandard Accrual— 3 1 3 4 3 — — — 14 
   Non-accrual— — — 1 — 8 — — — 9 
Total commercial real estate construction—owner-occupied:$62 $78 $40 $30 $30 $51 $9 $— $— $300 
Total commercial$13,952 $7,526 $5,112 $3,208 $1,665 $3,489 $13,665 $— $(42)$48,575 
Commercial investor real estate mortgage:
   Risk Rating:
   Pass$1,663 $1,243 $1,137 $252 $65 $162 $332 $— $(5)$4,849 
   Special Mention5 77 76 15 — 7 — — — 180 
   Substandard Accrual69 114 57 — 2 9 — — — 251 
   Non-accrual— 44 1 — — 1 68 — — 114 
Total commercial investor real estate mortgage$1,737 $1,478 $1,271 $267 $67 $179 $400 $— $(5)$5,394 
December 31, 2020
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20202019201820172016Prior
(In millions)
Commercial investor real estate construction:
   Risk Rating:
   Pass$224 $601 $266 $1 $— $1 $679 $— $(11)$1,761 
   Special Mention30 36 31 — — — 9 — — 106 
   Substandard Accrual1 1 — — — — — — — 2 
   Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$255 $638 $297 $1 $— $1 $688 $— $(11)$1,869 
Total investor real estate$1,992 $2,116 $1,568 $268 $67 $180 $1,088 $— $(16)$7,263 
Residential first mortgage:
FICO scores
   Above 720$5,564 $1,738 $809 $1,023 $1,279 $2,709 $— $— $— $13,122 
   681-720525 189 103 112 113 360 — — — 1,402 
   620-680211 100 73 64 67 404 — — — 919 
   Below 62031 44 50 51 60 499 — — — 735 
   Data not available52 23 13 16 15 126 10 — 142 397 
Total residential first mortgage$6,383 $2,094 $1,048 $1,266 $1,534 $4,098 $10 $— $142 $16,575 
Home equity lines:
FICO scores
   Above 720$— $— $— $— $— $— $3,334 $45 $— $3,379 
   681-720— — — — — — 492 10 — 502 
   620-680— — — — — — 319 11 — 330 
   Below 620— — — — — — 181 7 — 188 
   Data not available— — — — — — 107 3 30 140 
Total home equity lines$— $— $— $— $— $— $4,433 $76 $30 $4,539 
Home equity loans
FICO scores
   Above 720$417 $251 $233 $325 $304 $580 $— $— $— $2,110 
   681-72057 40 35 39 37 76 — — — 284 
   620-68021 17 19 22 25 65 — — — 169 
   Below 6202 7 9 13 15 52 — — — 98 
   Data not available1 2 2 4 5 17 — — 21 52 
Total home equity loans$498 $317 $298 $403 $386 $790 $— $— $21 $2,713 
Indirect—vehicles:
FICO scores
   Above 720$— $18 $305 $137 $92 $40 $— $— $— $592 
   681-720— 5 50 22 16 8 — — — 101 
   620-680— 4 44 23 18 8 — — — 97 
   Below 620— 3 42 26 24 14 — — — 109 
   Data not available— — 4 6 4 4 — — 17 35 
Total indirect- vehicles$— $30 $445 $214 $154 $74 $— $— $17 $934 
December 31, 2020
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Unallocated (1)
Total
Origination Year
20202019201820172016Prior
(In millions)
Indirect—other consumer:
FICO scores
   Above 720$297 $721 $392 $138 $60 $31 $— $— $— $1,639 
   681-72039 173 116 41 18 9 — — — 396 
   620-6809 73 63 27 12 6 — — — 190 
   Below 6201 22 22 9 5 2 — — — 61 
   Data not available— 3 3 2 1 1 — — 135 145 
Total indirect- other consumer$346 $992 $596 $217 $96 $49 $— $— $135 $2,431 
Consumer credit card:
FICO scores
   Above 720$— $— $— $— $— $— $667 $— $— $667 
   681-720— — — — — — 255 — — 255 
   620-680— — — — — — 208 — — 208 
   Below 620— — — — — — 91 — — 91 
   Data not available— — — — — — 7 — (15)(8)
Total consumer credit card$— $— $— $— $— $— $1,228 $— $(15)$1,213 
Other consumer:
FICO scores
   Above 720$209 $163 $84 $30 $7 $3 $117 $— $— $613 
   681-72061 44 20 5 1 1 52 — — 184 
   620-68034 28 13 4 1 1 42 — — 123 
   Below 62011 11 6 3 1 — 19 — — 51 
   Data not available46 1 — — — — 3 — 2 52 
Total other consumer$361 $247 $123 $42 $10 $5 $233 $— $2 $1,023 
Total consumer loans$7,588 $3,680 $2,510 $2,142 $2,180 $5,016 $5,904 $76 $332 $29,428 
Total Loans$23,532 $13,322 $9,190 $5,618 $3,912 $8,685 $20,657 $76 $274 $85,266 
(1)These amounts consist of fees that are not allocated at the loan level and loans serviced by third parties wherein Regions does not receive FICO or vintage information.
Past Due Financing Receivables The following tables include an aging analysis of DPD and loans on non-accrual status for each portfolio segment and class as of December 31, 2020 and December 31, 2019. Loans on non-accrual status with no related allowance included $112 million of commercial and industrial loans as of December 31, 2020. Non–accrual loans with no related allowance typically include loans where the underlying collateral is deemed sufficient to recover all remaining principal. Prior to the adoption of CECL on January 1, 2020, all TDRs and all non-accrual commercial and investor real estate loans, excluding leases, were deemed to be impaired. The definition of impairment and the required impaired loan disclosures were removed with CECL. Refer to Note 6 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2019 for disclosure of Regions' impaired loans as of December 31, 2019. Loans that have been fully charged-off do not appear in the tables below.
 2020
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$37 $22 $7 $66 $42,452 $418 $42,870 
Commercial real estate mortgage—owner-occupied4 1 1 6 5,308 97 5,405 
Commercial real estate construction—owner-occupied1 — — 1 291 9 300 
Total commercial42 23 8 73 48,051 524 48,575 
Commercial investor real estate mortgage3 — — 3 5,280 114 5,394 
Commercial investor real estate construction— — — — 1,869 — 1,869 
Total investor real estate3 — — 3 7,149 114 7,263 
Residential first mortgage104 41 156 301 16,522 53 16,575 
Home equity lines24 11 19 54 4,493 46 4,539 
Home equity loans10 7 13 30 2,705 8 2,713 
Indirect—vehicles15 4 4 23 934 — 934 
Indirect—other consumer12 8 5 25 2,431 — 2,431 
Consumer credit card8 6 14 28 1,213 — 1,213 
Other consumer12 3 2 17 1,023 — 1,023 
Total consumer185 80 213 478 29,321 107 29,428 
$230 $103 $221 $554 $84,521 $745 $85,266 
 
 2019
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$30 $21 $11 $62 $39,624 $347 $39,971 
Commercial real estate mortgage—owner-occupied11 3 1 15 5,464 73 5,537 
Commercial real estate construction—owner-occupied2 — — 2 320 11 331 
Total commercial43 24 12 79 45,408 431 45,839 
Commercial investor real estate mortgage1 1 — 2 4,934 2 4,936 
Commercial investor real estate construction— — — — 1,621 — 1,621 
Total investor real estate1 1 — 2 6,555 2 6,557 
Residential first mortgage83 47 136 266 14,458 27 14,485 
Home equity lines30 12 32 74 5,259 41 5,300 
Home equity loans12 6 10 28 3,078 6 3,084 
Indirect—vehicles31 10 7 48 1,812 — 1,812 
Indirect—other consumer16 9 3 28 3,249 — 3,249 
Consumer credit card11 8 19 38 1,387 — 1,387 
Other consumer13 5 5 23 1,250 — 1,250 
Total consumer196 97 212 505 30,493 74 30,567 
$240 $122 $224 $586 $82,456 $507 $82,963 
Troubled Debt Restructurings on Financing Receivables
The following tables present the end of period balance for loans modified in a TDR during the periods presented by portfolio segment and class, and the financial impact of those modifications. The tables include modifications made to new TDRs, as well as renewals of existing TDRs.
 2020
   Financial Impact
of Modifications
Considered TDRs
 Number of
Obligors		Recorded
Investment		Increase in
Allowance at
Modification
 (Dollars in millions)
Commercial and industrial151250—
Commercial real estate mortgage—owner-occupied2116—
Commercial real estate construction—owner-occupied11—
Total commercial173267—
Commercial investor real estate mortgage1178—
Commercial investor real estate construction45—
Total investor real estate1583—
Residential first mortgage3788511
Home equity lines———
Home equity loans434—
Consumer credit card14——
Indirect—vehicles and other consumer661—
Total consumer5019011
68944011
 
 2019
   Financial Impact
of Modifications
Considered TDRs
 Number of
Obligors		Recorded
Investment		Increase in
Allowance at
Modification
 (Dollars in millions)
Commercial and industrial97$259 $3 
Commercial real estate mortgage—owner-occupied5129 — 
Commercial real estate construction—owner-occupied12 — 
Total commercial149290 3 
Commercial investor real estate mortgage1226 — 
Commercial investor real estate construction1218 2 
Total investor real estate2444 2 
Residential first mortgage15932 4 
Home equity lines—— — 
Home equity loans997 — 
Consumer credit card37— — 
Indirect—vehicles and other consumer751 — 
Total consumer37040 4 
543$374 $9